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5:11 PM
S. Africa Rand holds steadily; concentrate on the trade tension, the speech of the fed

S. Africa Rand holds steadily; concentrate on the trade tension, the speech of the fed

Johannesburg, Nov 28 (Reuters)-the South African Rand stabilized in front of the dollar in early trading Wednesday, with investors focused on Chinese-American trade dispute and remarks from Federal reserve System of the USA the coming increase in interest rates.

At 0630 GMT the Rand traded at 13.8900 per dollar, near new York closing 13.9125 on Tuesday.

"While Rand hasn't been very unbalanced in the direction of the last few days, the risk environment around is slowly directing Rand to more weak levels,"Botes said.

US President Donald trump and his Chinese colleague XI Jinping intend to discuss controversial trade issues at the upcoming G20 summit in Buenos Aires in November. 30-Dec. 1 .

Market concern is still being given to fed Chairman Jerome Powell's concert later Wednesday and the fed's November minutes. 7-8 meeting on Thursday. Markets suggest zanogo throw a look at the fed's thinking about the speed and number of rate hikes in the current cycle.

Yields on basic municipal bonds with fixed income increased by 3.5 basis points to 9.025 percent in 2026.

Category: News | Views: 11 | Added by: ricknomanz | Tags: tesla stock, AAPL, mississippi senate race, cindy hyde smith, tomi lahren, CNBC, Mississippi, yahoo finance, map of africa, trump gm | Rating: 0.0/0
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